Brent crude oil price declined in its last intraday trading, with the emergence of negative overlapping signals on the relative strength indicators, after offloading its oversold conditions in its previous sessions, intensifying the negative pressure on the price, especially with the effect of its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis.
The price of (crude oil) declined in its last intraday trading, due to the stability of the key resistance at $58.00, amid the continuation of the negative pressure due to its trading below EMA50, with the dominance of the main bearish trend and its trading alongside trend line, after offloading its oversold conditions on the relative strength indicators.
The price of (silver) rose carefully in its last intraday trading, retesting $50.25 resistance, amid the continuation of the negative pressure due to its trading below EMA50, with the emergence of negative overlapping signals on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, affected by breaking minor bullish trend line previously on the short-term basis.
The price of (Gold) rose in its last intraday trading, taking advantage of the dynamic support that is represented by its trading alongside minor bullish trend line on the short-term basis, despite this rise, the price remains under negative pressure due to its trading below EMA50, accompanied by the emergence of the negative signals on the relative strength indicators.